MinichMacGregor Wealth Management LLC Trims Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

MinichMacGregor Wealth Management LLC lowered its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 42.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,665 shares of the company's stock after selling 14,800 shares during the quarter. MinichMacGregor Wealth Management LLC's holdings in Marriott International were worth $4,684,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MAR. Brighton Jones LLC grew its position in shares of Marriott International by 2.5% during the fourth quarter. Brighton Jones LLC now owns 8,887 shares of the company's stock worth $2,479,000 after purchasing an additional 218 shares in the last quarter. Principal Securities Inc. grew its position in shares of Marriott International by 31.5% during the fourth quarter. Principal Securities Inc. now owns 1,776 shares of the company's stock worth $495,000 after purchasing an additional 425 shares in the last quarter. Ieq Capital LLC grew its position in shares of Marriott International by 18.2% during the fourth quarter. Ieq Capital LLC now owns 17,044 shares of the company's stock worth $4,754,000 after purchasing an additional 2,624 shares in the last quarter. Handelsbanken Fonder AB grew its position in shares of Marriott International by 1.9% during the fourth quarter. Handelsbanken Fonder AB now owns 69,883 shares of the company's stock worth $19,493,000 after purchasing an additional 1,330 shares in the last quarter. Finally, Paradigm Asset Management Co. LLC purchased a new stake in shares of Marriott International during the fourth quarter worth about $223,000. Hedge funds and other institutional investors own 70.70% of the company's stock.

Insider Buying and Selling at Marriott International

In other Marriott International news, EVP Benjamin T. Breland sold 1,000 shares of Marriott International stock in a transaction on Monday, May 12th. The stock was sold at an average price of $270.21, for a total transaction of $270,210.00. Following the completion of the sale, the executive vice president now directly owns 20,724 shares of the company's stock, valued at $5,599,832.04. The trade was a 4.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Anthony Capuano sold 12,000 shares of Marriott International stock in a transaction on Friday, May 30th. The shares were sold at an average price of $263.90, for a total value of $3,166,800.00. Following the sale, the chief executive officer now directly owns 124,067 shares of the company's stock, valued at approximately $32,741,281.30. This trade represents a 8.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.68% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have weighed in on MAR. Robert W. Baird raised their price target on Marriott International from $250.00 to $265.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. The Goldman Sachs Group restated a "neutral" rating and set a $245.00 price target (down previously from $313.00) on shares of Marriott International in a report on Monday, April 14th. Morgan Stanley cut their price target on Marriott International from $275.00 to $267.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Stifel Nicolaus cut their price target on Marriott International from $295.00 to $240.00 and set a "hold" rating for the company in a report on Wednesday, April 16th. Finally, Truist Financial cut their price target on Marriott International from $300.00 to $273.00 and set a "hold" rating for the company in a report on Friday, May 30th. Thirteen analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Marriott International currently has a consensus rating of "Moderate Buy" and a consensus target price of $275.15.

Marriott International Stock Performance

Shares of MAR stock opened at $260.19 on Friday. Marriott International, Inc. has a 52-week low of $204.55 and a 52-week high of $307.52. The firm has a market capitalization of $71.27 billion, a P/E ratio of 29.63, a P/E/G ratio of 3.21 and a beta of 1.42. The stock has a 50 day moving average price of $252.89 and a 200 day moving average price of $263.69.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $2.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.25 by $0.07. Marriott International had a negative return on equity of 100.64% and a net margin of 9.75%. The firm had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.19 billion. During the same period last year, the company earned $2.13 EPS. Marriott International's quarterly revenue was up 4.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 23rd will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Friday, May 23rd. This is a positive change from Marriott International's previous quarterly dividend of $0.63. This represents a $2.68 dividend on an annualized basis and a yield of 1.03%. Marriott International's payout ratio is 30.52%.

Marriott International Company Profile

Marriott International, Inc engages in operating, franchising, and licensing hotel, residential, timeshare, and other lodging properties worldwide. It operates its properties under the JW Marriott, The Ritz-Carlton, The Luxury Collection, W Hotels, St. Regis, EDITION, Bvlgari, Marriott Hotels, Sheraton, Westin, Autograph Collection, Renaissance Hotels, Le Méridien, Delta Hotels by Marriott, Tribute Portfolio, Gaylord Hotels, Design Hotels, Marriott Executive Apartments, Apartments by Marriott Bonvoy, Courtyard by Marriott, Fairfield by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Four Points by Sheraton, TownePlace Suites by Marriott, Aloft Hotels, AC Hotels by Marriott, Moxy Hotels, Element Hotels, Protea Hotels by Marriott, City Express by Marriott, and St.

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